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Bitcoin => Project Development => Topic started by: payb.tc on August 20, 2012, 12:00:56 PM



Title: Valuation estimate for "Bit-Pay" ?
Post by: payb.tc on August 20, 2012, 12:00:56 PM
i am curious about several aspects of the business "bit-pay" and rather than ask steve directly, i thought i'd ask the forum to engage in some wild speculation instead:

  • how much is bit-pay worth as a business if sold today?
  • how much would it cost financially to build a 'bit-pay' from scratch?
  • how long would it take, to build a 'bit-pay' from scratch?
  • how much manual labour (hours per day) is involved in running a 'bit-pay'? - and how much of that could potentially be automated?

and most importantly:

  • how can i incorporate more bikini models into my own work life?


Title: Re: Valuation estimate for "Bit-Pay" ?
Post by: Stephen Gornick on August 20, 2012, 12:36:07 PM
  • how long would it take, to build a 'bit-pay' from scratch?

Incidentally, Paysius has many of the same features.

 - http://paysius.com


Title: Re: Valuation estimate for "Bit-Pay" ?
Post by: mc_lovin on August 20, 2012, 07:37:28 PM
If they list the company on eBay, i'll make the first bid! :)


Title: Re: Valuation estimate for "Bit-Pay" ?
Post by: SgtSpike on August 20, 2012, 07:44:37 PM
  • how much is bit-pay worth as a business if sold today?
No idea.
  • how much would it cost financially to build a 'bit-pay' from scratch?
Not a clue.
  • how long would it take, to build a 'bit-pay' from scratch?
Couldn't tell ya.
  • how much manual labour (hours per day) is involved in running a 'bit-pay'? - and how much of that could potentially be automated?
You're asking me?

But, that said, since you want wild speculation...
$1.5M
$200k (done right)
3 months
24 labor hours a day, 2/3 could be automated, but (obviously) with increases in capital outlay


Title: Re: Valuation estimate for "Bit-Pay" ?
Post by: Kluge on August 20, 2012, 07:56:01 PM
I'm going to disagree with SgtSpike, and post my own wild, baseless, counter-figures:
Worth $750k
Cost $60k (~500-700 dev hours)
Requires 8 man-hours per day to maintain (not improve!), with most of that involving customer emails.


Title: Re: Valuation estimate for "Bit-Pay" ?
Post by: payb.tc on August 21, 2012, 01:40:31 AM
i wouldn't know what to guess for the current val, but i'd guess that $60k to create (for 'dev' hours) might be lacking in areas of security.

i guess that's why spike said 'done right' it would be $200k... i think more than half of that would be focused on security.

ongoing costs would be a factor too... can't just have it up on some shared hostgator account :D


Title: Re: Valuation estimate for "Bit-Pay" ?
Post by: Elwar on August 21, 2012, 05:18:40 PM
One hundred MILLION dollars!!!! Ahahahahaha!!!